yes, this company paid around $400m for a competitor believing it would get all of its foreign gates.
The largest airline in the country said that was not proper, they should be put up to open bids.
This company did not have the money to start flights to Paris, London, etc., so the government has said it will take the foreign gates from this airline.
This all happened after Cramer said to buy. Unfortunaely, this airline stock should now be sold because its growth will not be as great without the foreign gates as interntional flights are more lucrative. The people with the money fly on those expensive foreign flights.
Basing one's decision to buy or sell any stock on Jim Cramer's advice, or for that matter any other analyst's recommendation, is foolish. That applies also for the comments on any of these Boards. Do your homework and make your own decisions. For now, I am sticking with this so-called 'dog'.
If you're depending on Cramer to bail you out of this dog, you have a big problem. When he makes a mistake he just stops talking about it until he's cost everyone who followed his (bad) advice a lot of money.